• About
  • Contact
  • Submit News
Wednesday, August 10, 2022
No Result
View All Result
NEWSLETTER
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
No Result
View All Result
The Global Elite
No Result
View All Result

Meet The 31 Corporations and Banks Who Dodged $128 Billion in US Taxes

by TGE News
10 February, 2013
in World News
0
Meet The 31 Corporations and Banks Who Dodged $128 Billion in US Taxes
FacebookTwitter

Sen. Bernie Sanders released a report today directly taking on the Business Roundtable, by outing 31 banks and corporations who have dodged $128 billion in taxes.

According to the report, the 31 corporations and banks have dodged $128 billion in taxes by setting up offshore tax havens. They have received $6.5 billion in tax refunds, and $2.5 trillion in taxpayer bailout money. While stuffing their pockets with trillions of taxpayer dollars, the Business Roundtable has called for the deficit to be reduced by raising the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, and increase taxes on working families.

The reason why congressional Republicans are adamantly opposed to generating new revenue through closing these loopholes is that doing so would force these tax dodgers to pay their fair share. For Republicans, the concept of fairness only applies to making sure the wealthy get more by doing less. One of the reasons why Republicans continue to lose elections is because they insist on protecting corporations and banks at the expense of the American people.

Instead of passing the burden of deficit reduction on to workers, seniors, the poor, and the middle class, how about we start with getting the 31 corporations and banks listed below to pay their taxes?

Here is the list:

1. Bank of America CEO Brian Moynihan.

Number of Offshore Tax Havens in 2010? 371.

Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.5 billion.

Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.

Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.

2. JP Morgan Chase CEO James Dimon

Number of Offshore Tax Havens in 2010? 83.

Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion
JP Morgan Chase has stashed $21.8 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $4.9 billion in federal income taxes.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion.

3. Goldman Sachs CEO Lloyd Blankfein

Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.

Number of offshore tax havens in 2010? 39.

In 2010, Goldman Sachs operated 39 subsidiaries in offshore tax haven countries.
Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $3.32 billion.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.

During the financial crisis, Goldman Sachs received a total of $814 billion in virtually zero interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department.

4. General Electric CEO Jeffrey Immelt

Number of offshore tax havens? At least 14.

Amount of federal income taxes General Electric would have owed if offshore tax havens were eliminated? $35.7 billion.

GE has stashed $102 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $35.7 billion
more in federal income taxes.

Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund. In 2010, not only did General Electric pay no federal income taxes, it received a $3.3 billion tax refund from the IRS, even though it earned over $5 billion in U.S.
profits.

Taxpayer Bailout from the Federal Reserve? $16 billion.During the financial crisis, the Federal Reserve provided GE with $16 billion in
financial assistance, at a time when Jeffrey Immelt was a director of the New York Federal Reserve.

Jobs Shipped Overseas? At least 25,000 since 2001.

5. Verizon CEO Lowell McAdam

Amount of federal income taxes paid in 2010? Zero. $705 million tax refund.
In 2010, Verizon received a $705 million refund from the IRS despite earning $11.9 billion in pre-tax U.S. profits.
Amount of federal income taxes Verizon would have owed if offshore tax havens were eliminated? $525 million.
Verizon has stashed $1.5 billion in offshore tax havens to avoid paying U.S.
income taxes. Verizon would owe an estimated $525 million in federal income taxes if its use of offshore tax avoidance was eliminated.
American Jobs Cut in 2010? In 2010, Verizon announced 13,000 job cuts, the
third highest corporate layoff total that year.

6. Honeywell International CEO David Cote

Amount of federal income taxes paid from 2008-2010? Zero. $34 million tax refund.
From 2008 through 2010, not only did Honeywell pay no federal income taxes, it received a $34 million tax refund from the IRS, even though it earned over $4.9 billion in U.S. profits during those years.

Amount of federal income taxes Honeywell would have owed if offshore tax havens were eliminated? $2.835 billion.
Honeywell has stashed $8.1 billion in offshore tax havens to avoid paying U.S. income taxes. Honeywell would owe an estimated $2.835 billion in federal
income taxes if its use of offshore tax avoidance was eliminated.

7. Merck CEO Kenneth Frazier

Amount of federal income taxes paid in 2009? Zero. $55 million tax refund.
In 2009, not only did Merck pay no federal income taxes, it received a $55 million tax refund from the IRS, even though it earned more than $5.7 billion in U.S. profits.

Amount of federal income taxes Merck would have owed if offshore tax havens were eliminated? $15.5 billion.

Merck has stashed $44.3 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $15.5 billion more in federal income taxes.

8. Corning CEO Wendell Weeks

Amount of federal income taxes paid from 2008-2010? Zero. $4 million tax refund. From 2008 through 2010, not only did Corning pay no federal income taxes, it received a $4 million tax refund from the IRS, even though it earned nearly $2 billion in U.S. profits during those years.

Amount of federal income taxes Corning would have owed if offshore tax havens were eliminated? $3.78 billion. Corning has stashed $10.8 billion in offshore tax havens to avoid paying U.S. income taxes. Corning would owe an estimated $3.78 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

9. Boeing CEO James McNerney, Jr.

Amount of federal income taxes paid in 2010? None. $124 million tax refund.

Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS in 2010.

Amount of federal income taxes Boeing would have owed if offshore tax havens were eliminated? $66 million.

Boeing would owe an estimated $66 million more in federal income taxes if its use of offshore tax avoidance was eliminated.

American Jobs Shipped overseas? Over 57,000. Since 1994, more than 57,000 Americans lost their jobs at Boeing as a result of overseas outsourcing or rising imports.

Amount of Corporate Welfare? At least $58 billion.

10. Microsoft CEO Steve Ballmer

Amount of federal income taxes Microsoft would have owed if offshore tax havens were eliminated? $19.4 billion.
Microsoft has stashed over $60 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid 19.4 billion more in federal income taxes.

11. Qualcomm CEO Paul Jacobs

Amount of federal income taxes Qualcomm would have owed if offshore tax havens were eliminated? $5.8 billion.

Qualcomm has stashed $16.4 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $5.8
billion more in federal income taxes.

12. Caterpillar CEO Douglas Oberhelman

Amount of federal income taxes Caterpillar would have owed if offshore tax havens were eliminated? $4.55 billion. Caterpillar has stashed $13 billion in offshore tax havens to avoid paying U.S. income taxes. Caterpillar would owe an estimated $4.55 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

13. Cisco Systems CEO John Chambers

Amount of federal income taxes Cisco would have owed if offshore tax havens were eliminated? $14.455 billion.

Cisco has stashed $41.3 billion in offshore tax havens to avoid paying U.S. income taxes. Cisco would owe an estimated $14.455 billion in federal income
taxes if its use of offshore tax avoidance was eliminated.

14. Dow Chemical CEO Andrew Liveris

Amount of federal income taxes Dow Chemical would have owed if offshore tax havens were eliminated? $3.5 billion.

Dow has stashed $10 billion in offshore tax havens to avoid paying U.S. income taxes. Dow would owe an estimated $3.5 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

15. Alcoa CEO Klaus Kleinfeld

Amount of federal income taxes Alcoa would have owed if offshore tax havens were eliminated? $2.9 billion.

Alcoa has stashed $8.3 billion in offshore tax havens to avoid paying U.S. income
taxes. Alcoa would owe an estimated $2.9 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

16. Stanley Black & Decker CEO John Lundgren

Amount of federal income taxes Stanley Black & Decker would have owed if offshore tax havens were eliminated? $1.26 billion.
Stanley Black & Decker has stashed $3.6 billion in offshore tax havens to avoid paying U.S. income taxes. They would owe an estimated $1.26 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

17. Motorola Solutions CEO Greg Brown

Amount of federal income taxes Motorola Solutions would have owed if offshore tax havens were eliminated? $350 million.Motorola Solutions has stashed $1 billion in offshore tax havens to avoid paying U.S. income taxes. They would owe an estimated $350 million in federal income
taxes if its use of offshore tax avoidance was eliminated.

18. Tenneco CEO Gregg Sherill

Amount of federal income taxes Tenneco would have owed if offshore tax havens were eliminated? $269 million.

Tenneco has stashed over $698 million in offshore tax haven countries to avoid
paying income taxes. If this practice was outlawed, it would have paid $269 million in federal income taxes.

19. Express Scripts CEO George Paz

Amount of federal income taxes Express Scripts would have owed if offshore tax havens were eliminated? $19 million.

Express Scripts has stashed over $54 million in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $19 million in federal income taxes.

20. Caesars Entertainment CEO Gary Loveman

Amount of federal income taxes Caesars Entertainment would have owed if offshore tax havens were eliminated? $15 million.

Caesars Entertainment has stashed $42 million in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid about $15 million more in federal income taxes.

21. BlackRock CEO Larry Fink

Amount of federal income taxes BlackRock would have owed if offshore tax havens were eliminated? $525 million.

BlackRock has stashed $1.5 billion in offshore tax havens to avoid paying U.S. income taxes. BlackRock would owe an estimated $525 million in federal income taxes if its use of offshore tax avoidance was eliminated.

22. United Parcel Service (UPS) CEO D. Scott Davis

Amount of federal income taxes UPS would have owed if offshore tax havens were eliminated? $1.12 billion. UPS has stashed $3.2 billion in offshore tax havens to avoid paying U.S. income taxes. UPS would owe an estimated $1.12 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

23. CA Technologies CEO William McCracken

Amount of federal income taxes CA Technologies would have owed if offshore tax havens were eliminated? $700 million.

CA Technologies has stashed nearly $2 billion in offshore tax havens to avoid paying U.S. income taxes. CA Technologies would owe an estimated $700 million in federal income taxes if its use of offshore tax avoidance was eliminated.

24. Eaton CEO Alexander Cutler

Amount of federal income taxes Eaton would have owed if offshore tax havens were eliminated? $2.24 billion.

Eaton has stashed $6.4 billion in offshore tax havens to avoid paying U.S. income taxes. Eaton would owe an estimated $2.24 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

25. Nasdaq OMX Group CEO Robert Greifeld

Amount of federal income taxes Nasdaq OMX Group would have owed if offshore tax havens were eliminated? $21 million.

Nasdaq OMX Group has stashed $60 million in offshore tax havens to avoid paying U.S. income taxes. Nasdaq OMX Group would owe an estimated $21 million in federal income taxes if its use of offshore tax avoidance was eliminated.

26. Textron CEO Scott Donnelly

Amount of federal income taxes Textron would have owed if offshore tax havens were eliminated? $165 million.

Textron has stashed $470 million in offshore tax havens to avoid paying U.S. income taxes. Textron would owe an estimated $165 million in federal income
taxes if its use of offshore tax avoidance was eliminated.

27. Thermo Fisher Scientific CEO Marc Casper

Amount of federal income taxes Thermo Fisher Scientific would have owed if offshore tax havens were eliminated? $1.645 billion.Thermo Fisher Scientific has stashed $4.7 billion in offshore tax havens to avoid paying U.S. income taxes. Thermo Fisher Scientific would owe an estimated
$1.645 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

28. Weyerhaeuser CEO Daniel Fulton

Amount of federal income taxes Weyerhaeuser would have owed if offshore tax havens were eliminated? $8 million.

Weyerhaeuser has stashed $22 million in offshore tax havens to avoid paying U.S. income taxes. It would owe an estimated $8 million in federal income taxes if its use of offshore tax avoidance was eliminated.

29. World Fuel Services CEO Paul Stebbins

Amount of federal income taxes World Fuel Services would have owed if offshore tax havens were eliminated? $278 million.

World Fuel Services has stashed $794 million in offshore tax havens to avoid paying U.S. income taxes. It would owe an estimated $278 million in federal
income taxes if its use of offshore tax avoidance was eliminated.

30. Time Warner CEO Glenn Britt

Amount of federal income taxes paid in 2008? Zero. $74 million tax refund.

In 2008, not only did Time Warner pay no federal income taxes, it received a $74 million tax refund from the IRS, even though it earned over $2 billion in U.S. profits.

31. R.R. Donnelly & Sons CEO Thomas Quinlan III

Amount of federal income taxes paid in 2008? Zero. $49 million tax refund. In 2008, not only did R.R. Donnelly & Sons pay no federal income taxes, it
received a $49 million tax refund from tax refund from the IRS, even though it earned $561 million in U.S. profits.

Source: Politicususa.com

0 0 votes
Article Rating

20.2k
SHARES
FacebookTwitterSubscribe
PinterestTumblrLinkedin Reddit DiggStumbleupon PocketVkDeliciousBufferWeiboWhatsappXingFlattrMailPrint

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Tags: bankscorporationstaxes
Previous Post

35 Ancient Pyramids Discovered in Sudan Necropolis

Next Post

FDA Approves First GMO Flu Vaccine Containing Reprogrammed Insect Virus

TGE News

Your Source for Alternative News and Information.

Related Posts

Ian R Crane: Can you feel the Winds of Change?
Esoteric

Esoteric Del: Esoteric Banking and the Corporate Curia Connection

by TGE News
18 February, 2018
12
The War: Mega Corporations-Federal Government vs. Independent Ranchers-Farmers
Interviews

The War: Mega Corporations-Federal Government vs. Independent Ranchers-Farmers

by TGE News
24 January, 2018
5
Dead In The Water – Maritime Admiralty UCC
Awareness

Dead In The Water – Maritime Admiralty UCC

by TGE News
2 August, 2017
29
Is the Audit the Fed Movement Losing Momentum?
Economics

Is the Audit the Fed Movement Losing Momentum?

by TGE News
15 October, 2015
66
The Way of the Psychopath
Awareness

The Way of the Psychopath

by TGE News
21 July, 2015
307
FDIC Plots a Bank Heist Involving YOUR Accounts
Economics

FDIC Plots a Bank Heist Involving YOUR Accounts

by TGE News
24 April, 2015
85
How The Greed Kings of 2014 Stole from Us
Economics

How The Greed Kings of 2014 Stole from Us

by TGE News
29 December, 2014
27
The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
Federal Reserve

The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

by TGE News
25 November, 2014
100
Load More
Next Post
FDA Approves First GMO Flu Vaccine Containing Reprogrammed Insect Virus

FDA Approves First GMO Flu Vaccine Containing Reprogrammed Insect Virus

US And Europe Move On To TAFTA: Yet Another Chance To Push Through ACTA/SOPA Style IP Maximalism

US And Europe Move On To TAFTA: Yet Another Chance To Push Through ACTA/SOPA Style IP Maximalism

Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest
A List of Banks Owned by the Rothschild Dynasty

A List of Banks Owned by the Rothschild Dynasty

19 February, 2013

The History of the ‘House of Rothschild’ (Complete)

24 January, 2013
Wikileaks Is A Rothschild Operation

Wikileaks Is A Rothschild Operation

22 December, 2012
Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

19 September, 2015
The Act Of 1871 – America Incorporated

The Act Of 1871 – America Incorporated

22
Wikileaks Is A Rothschild Operation

Wikileaks Is A Rothschild Operation

6
The Rothschilds Purchased Jerusalem in 1829

The Rothschilds Purchased Jerusalem in 1829

5
Who Controls the Money Supply Controls the World

Who Controls the Money Supply Controls the World

4
The Man Who Knew Too Much (Documentary)

The Man Who Knew Too Much (Documentary)

14 November, 2021
The Puppet Masters Portfolios

The Puppet Masters Portfolios

5 August, 2021
Michael Tellinger: Hidden Origins of Humanity

Michael Tellinger: Hidden Origins of Humanity

29 July, 2021
All Financial Markets Are Rigged

All Financial Markets Are Rigged

14 May, 2021

Connect With Us

Most Read

  • A List of Banks Owned by the Rothschild Dynasty

    A List of Banks Owned by the Rothschild Dynasty

    7 shares
    Share 0 Tweet 0
  • The History of the ‘House of Rothschild’ (Complete)

    100 shares
    Share 0 Tweet 0
  • Wikileaks Is A Rothschild Operation

    4 shares
    Share 0 Tweet 0
  • Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

    2 shares
    Share 0 Tweet 0
  • George Soros Exposed as a Rothschild Agent in the 1990’s

    2 shares
    Share 0 Tweet 0

Categories

Newsletter

Enter your email address to subscribe to our newsletter and receive notifications of new posts by email.

Join 12,351 other subscribers

Latest Posts

  • The Man Who Knew Too Much (Documentary)
  • The Puppet Masters Portfolios
  • Michael Tellinger: Hidden Origins of Humanity
  • All Financial Markets Are Rigged

Site Links

  • Donate
  • Resources
  • Sitemap
  • The Globalists

About Us

TGE news is here to bring you true documented facts on what’s really happening in the world that you will not see in the government controlled mainstream corporate media.

  • About
  • Contact
  • Privacy & Terms
  • Submit News

(OA) 2012-2022 TGE News

No Result
View All Result
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality

(OA) 2012-2022 TGE News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

0
0
Would love your thoughts, please comment.x
()
x
| Reply